from Hacker News

Austin sees mass exodus of ex-Silicon Valley tech companies, here's why

by DogOfTheGaps on 12/10/23, 12:33 PM with 55 comments

• by MenhirMike on 12/10/23, 12:46 PM

  To save you a click on this ad-infested website: It does cite a TechCrunch article: https://techcrunch.com/2023/12/07/is-the-texas-boom-town-of-...

  The reason is "the rising cost of living, low funding, and lack of diversity".

• by ramijames on 12/10/23, 12:53 PM

  I'm an experienced product designer with 25+ years of experience. I've been doing a job search across the US.

  I have three kids, two girls.

  I will never take them to a place like Texas. It is anathema to my core values as a person and as a parent.

  I'm shocked that a place like Texas became a draw for tech companies at all.

• by nunez on 12/10/23, 1:40 PM

  > On Thursday, December 7, the cloud computing company, VMWare announced it was laying off 577 employees in Austin as part of a nationwide job reduction to cut costs, according to the Austin American-Statesman.

  That's not entirely accurate. Broadcom, VMware's new owner, is shuttering offices all over the country to consolidate with their existing office portfolio.

• by silverbax88 on 12/10/23, 12:55 PM

  Headline states 'mass exodus', article names three known companies that never actually moved to Austin, then three unknown companies with no context of those companies' workforce or products.

  Texas has problems, but this isn't journalism.

• by mberning on 12/10/23, 12:49 PM

  Lack of diversity is stated but never mentioned again. Diversity of what is left to the readers interpretation. This reads like a hit piece rather than a genuine exploration of a real issue.

• by j4yav on 12/10/23, 12:48 PM

  I remember Miami was also going to be the new Silicon Valley at one point, did that end up doing any better?